Argentina will find out tomorrow whether it’s being upgraded to emerging market status, the Financial Times reminds us. Bloomberg, meanwhile, suggests that any post-upgrade sell-off of Argentine shares could be milder than was the case in the UAE, Pakistan and Qatar following their respective upgrades.

President Abdel Fattah El Sisi is set to attend the Nile Basin Initiative’s presidentialsummit in Uganda on Thursday, 22 June, Ahram Online reports. Foreign Minister Sameh Shoukry is heading there tonight to participate in ministerial meetings in the run-up, according to a ministry statement. On the agenda for the summit, which was rescheduled from mid-May, is Egypt’s rejoining the group, which sets a framework for water distribution rights along the Nile. Egypt pulled out of the Entebbe agreement in 2010 and has recently been pushing to re-engage with other Nile Basin countries.

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